User Reviews
More
User comment
0
CommentsWrite a review
No comment yet
Not Regulated
Score
1.57 /10
Danger
SMC
5-10 yearsQuestionable Regulatory License
Suspicious Operational Region
High Potential Risk
Influence
D
Add brokers
Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index0.00
Business Index7.45
Risk Management Index0.00
Software Index4.00
License Index0.00
Time Machine
Website
Licenses
No valid regulatory information, please be aware of the risk
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Check whenever you want
Download App for complete information
Warning: Low score, please stay away!
2
Previous Detection :
2026-05-07
- This broker lacks valid forex regulation. Please be aware of the risk!
- Current data indicates that this broker does not have trading software. Please be aware of the risk.
WikiFX Verification
| SMC Review Summary | |
| Founded | 1990 |
| Registered Country/Region | United Arab Emirates |
| Regulation | No regulation |
| Trading Products | Equities, commodities, forex |
| Demo Account | / |
| Leverage | / |
| Spread | / |
| Trading Platform | / |
| Minimum Deposit | / |
| Customer Support | Phone: +971 4 5139780E |
| Mobile: +971 55 4005381 | |
| mail: info@smccomex.com | |
SMC Information
SMC was founded in 1990 and operates in the UAE without being licensed by any major regulatory organization. It provides trading in stocks, commodities, and FX. Despite the range of services, the lack of regulation may cause problems.
Pros and Cons
| Pros | Cons |
| Wide range of financial and advisory services | No regulation |
| Long market presence (since 1990) | Unclear fee structure |
| Offers both domestic and international services | No info on deposit and withdrawal |
Is SMC Legit?
SMC claims to be based in the United Arab Emirates, however, it is not regulated by any UAE financial authority (such as the Securities & Commodities Authority) and has no licenses from well-known foreign authorities such as the UK's FCA, Australia's ASIC, or the US NFA/CFTC.
According to WHOIS records, the domain smccomex.com was registered on May 5, 2009, last updated on December 21, 2022, and is still live with numerous precautionary locks (“client delete/renew/transfer/update prohibited”).
What Can I Trade on SMC?
SMC offers a wide range of financial services, from stock and commodities trading to wealth and real estate advising. It serves both domestic and foreign clientele, including NRIs and institutional investors.
| Trading Products | Supported |
| Equities | ✔ |
| Commodities | ✔ |
| Currencies | ✔ |
| Indices | ❌ |
| Cryptocurrencies | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
start to write first comment